Economic Bakhtar News Agency is the official state news agency of the Afghan government, based in Kabul. The agency is a major source of news for all media in Afghanistan, gathering domestic and international news and providing information to outlets. http://www.bakhtarnews.com.af Tue, 17 Jul 2018 17:39:05 +0000 Joomla! 1.5 - Open Source Content Management en-gb Irrigational Canals Put Into Exploitation http://www.bakhtarnews.com.af/eng/business/item/33983-irrigational-canals-put-into-exploitation.html http://www.bakhtarnews.com.af/eng/business/item/33983-irrigational-canals-put-into-exploitation.html Irrigational Canals Put Into Exploitation

Tuesday, July 17, 2018

Herat (BNA) 16 irrigational canals were put into exploitation in Pashtonzarghon District, Herat province.
The irrigational canals have been constructed with cooperation of Islamic Development Bank (IDB) at the cost of nearly 23 million Afghanis.
Local in charge of Herat told BNA, the canals will be irrigated 765 hectares of lands.
It is mentionable that the work of the irrigational canals started on July 2017.
T. Yarzada
 

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Economic Tue, 17 Jul 2018 06:24:38 +0000
NPC Reviews 11 Contracts Worth 1b Afghanis http://www.bakhtarnews.com.af/eng/business/item/33977-npc-reviews-11-contracts-worth-1b-afghanis.html http://www.bakhtarnews.com.af/eng/business/item/33977-npc-reviews-11-contracts-worth-1b-afghanis.html NPC Reviews 11 Contracts Worth 1b Afghanis

Tuesday, July 17, 2018

Kabul (BNA) The National Procurement Commission (NPC) with President Mohammad Ashraf Ghani on the chair held meeting here on Sunday evening and reviewed 11 contracts worth one billion Afghanis, a presidential statement said yesterday.
The meeting reviewed bids for the three-big projects worth 3,204 million Afghanis that included, contract for procurement of electrical equipment related to electricity of Sayed Abad district, Maidan Wardak’s province, procurement of 30 livelihood items related to logistic directorate of the Ministry of Interior and procurement of 3 kind of mini batteries related to technical and weaponry directorate of Ministry of National Defense, the statement added.
Meanwhile the meeting approved amendments to some already signed contracts, including contract of constructing surrounding wall in 5000 acres of land related to Balkh Custom Department, contract of national survey related to vegetal diseases, contract of renting 25 k9 machinery for 101 Asmayee zone and 2 kind of diary items related to Ministry of National Defense.
The meeting rejected De Afghanistan Brishna Sherkat’s (Afghanistan’s Electricity Utility Company) offer of miscellaneous a construction related items for further evaluation.
The presidential statement quoted President Ghani, saying those in charge of the projects should follow all the required procurement processes as well as overseeing mechanism for transparency in the process and avoid delay in implementation of the projects.
Besides NPC officials, observers from SIGAR, Integrity Watch Afghanistan, Wolesi Jirga’s Budget and Economic Commission, Parliamentary Anti-Corruption Caucus (PACC) and NATO’s RS mission were present at the meeting.
 

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Economic Tue, 17 Jul 2018 06:14:34 +0000
President Ghani Chairs HEC Meeting http://www.bakhtarnews.com.af/eng/business/item/33976-president-ghani-chairs-hec-meeting.html http://www.bakhtarnews.com.af/eng/business/item/33976-president-ghani-chairs-hec-meeting.html President Ghani Chairs HEC Meeting

Tuesday, July 17, 2018

Kabul (BNA) Chaired by President Mohammad Ashraf Ghani, the High Economic Council (HEC) held meeting on Monday, the presidential palace said in a statement.
The meeting exchanged view on bidding process of Badakhshan gold and Balkhab coper mines, discussions’ report on Shaida copper mine in Herat province and the results of Gross Domestic Products (GD)) of 1396 solar year, according to the statement.
At the outset, briefing the session about bidding process of Badakhshan gold and Balkhab copper mines, acting director of legal services for the ministry of mines and petroleum Waliullah Zadran said that Afghan Gold Minerals Company has won the development, extraction and utilization contract of Badakhshan gold and copper mines.
He added but due to some reasons such as change in the government system, enforcing new law on mines and lack of technical and legal capacity as well as interest’ contradiction within the ministry, the contract has not been inked with the mentioned company, the statement went on to say.
The president said the government would never accept interest’s contradiction, adding investment is not a fundamental problem in this contract, but letter of credit, the statement continued.
He pointed out that the participants have jointly decided that a workgroup led by Ajmal Ahmadi with the membership of ministries of mines and economy to be created to clarify the issue and set a deadline to the company to present its necessary documents and letters of credit.
The president added that the workgroup should present its findings to HEC within two weeks.
Afterward, Zadran presented the report of discussions already done with Winner Company of Shaida copper mine, saying talks are underway to take necessary measures in the respect.
The president said the royalty regime existed in the past had not been logic, as in the new law, this issue has been clarified and there would be no problem in the respect anymore.
On ensuring security of the projects, the president said the government was obliged to ensure the project’s security, but recruiting security firms is not in the interest of the country.
Therefore, to maintain the projects’ security, public protection entity should be reestablished, the president said.
At the end, a Central Statistics Office (CSO in charge briefed the session about the results of GDP in 1396.
Talking about the administration’s problems to collect the figures, he added last year’s GDP had reached to 20.2 billion of Afghani, a figure which is higher than 1395’s in which the services sector had played key role in this regard.
Expressing glad over increase in national GDP, the president said our exports were more than what the figures indicated.  He instructed the HEC members to seriously cooperate with CSO in sharing the figures. Adding the deputy ministers should attend the meetings being held by CSO.
The president also instructed the relevant organs to provide all kinds of facilities to CSO so it creates a figures collection system, because it is a key issue in making policy.
 

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Economic Tue, 17 Jul 2018 06:14:08 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/33968-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/33968-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Monday, July 16, 2018
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:                                                                     
One Dollar                                               72/50 Afs                           
One Pound Sterling                                 95  Afs                           
One Euro                                                84/40 Afs                           
One Emirate’s Dirham                           19/65 Afs                           
One Thousand Pakistani Rupees          578 Afs                           
One Thousand Indian Rupees                1060 Afs                                         
One Thousand Iranian Rupees              9/20 Afs                           
Yarzada

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Economic Mon, 16 Jul 2018 06:27:31 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/33954-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/33954-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Sunday, July 15, 2018

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:                                                                     
One Dollar                                               72/28 Afs                           
One Pound Sterling                                 95   Afs                           
One Euro                                                84/10 Afs                           
One Emirate’s Dirham                           19/80 Afs                           
One Thousand Pakistani Rupees          577 Afs                           
One Thousand Indian Rupees                1079 Afs                                         
One Thousand Iranian Rupees              9/40 Afs                           
Yarzada
 

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Economic Sun, 15 Jul 2018 10:27:58 +0000
Afghanistan Aiming To Increase Trade With India To $2 Billion By 2020: Afghan Ambassador To India http://www.bakhtarnews.com.af/eng/business/item/33951-afghanistan-aiming-to-increase-trade-with-india-to-$2-billion-by-2020-afghan-ambassador-to-india.html http://www.bakhtarnews.com.af/eng/business/item/33951-afghanistan-aiming-to-increase-trade-with-india-to-$2-billion-by-2020-afghan-ambassador-to-india.html Afghanistan Aiming To Increase Trade With India To $2 Billion By 2020: Afghan Ambassador To India

Sunday, July 15, 2018

Kabul (BNA) The bilateral trade between Afghanistan and India is expected to more than double to reach USD 2 billion by 2020 with the opening of air cargo route between the two countries.
“The bilateral trade between Afghanistan and India is USD 900 million and with opening of air corridor our target to take it to USD 2 billion by 2020,” Afghanistan Ambassador to India, Shaida Mohammad Abdali  said at an USAID-FICCI event the other day.
India-Afghanistan have opened up two direct air cargo routes linking New Delhi and Mumbai to Kabul. The Kabul-Mumbai route was opened up last year.
Since starting of Kabul -New Delhi air corridor in mid-June 2017 followed by second air corridor between Kabul-Mumbai in December 2017 more than 100 Flights have been conducted between the two countries and transported 2,500 metric tons of goods.
“We want more and more flights but landing during night hours is not allowed. These are small issues which will be resolved over time as plans to establish air corridor connection with more Indian cities,” Economic Advisor to PresidentGhani, Ajmal Ahmadi said.
He said that Afghanistan has opened up its power, pharmaceutical, optical cable manufacturing and other sectors by allowing 100 percent foreign direct investment where it is looking forward to significant participation from Indian firms.
“Afghanistan still considers India as the largest market for agriculture and craft products. During the last three years Kabul exported about 10,200 metric tons in volume to India. In last one year alone, it went up to 2,500 metric tons and this year we expect it to reach 5,000 metric tons, ”Ahmadi said.
He said that Afghanistan is going to make changes in existing rules for mineral sector in the country, which will boost the bilateral trade with India.
Abdali said that Indian and Afghanistan companies had last year signed business agreement worth USD 250 million during the same event held last year.
“Today about a USD 2 million deal has been signed between Indian and Afghanistan companies. We expect many more deals to be signed in next two days,” Abdali said.
Indian firm Generous Treasures and Afghanistan Red Gold Saffron at the event signed deal to form a joint-venture firm with equal investments to sell around 2.5 tons of saffron during upcoming season of the crop, representatives of the two-firm said.
 

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Economic Sun, 15 Jul 2018 10:23:03 +0000
Construction Work of Power Dam Kick Off In Badakhshan http://www.bakhtarnews.com.af/eng/business/item/33948-construction-work-of-power-dam-kick-off-in-badakhshan.html http://www.bakhtarnews.com.af/eng/business/item/33948-construction-work-of-power-dam-kick-off-in-badakhshan.html Construction Work of Power Dam Kick Off In Badakhshan


Sunday, July 15, 2018
Faizabad (BNA) The construction work of Shorabak power dam kick off in Faizabad city capital of Badakhshan province at the cost of more than 43 million Euro.
Mohammad Gul Kholmi care-taker of Water and power ministry told BNA correspondent, the Shorabak power dam will be constructed by German aid, with a production capacity of  7/2 megawatts of power in south of Faizabad city , Badakhshan province.
T. Yarzada

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Economic Sun, 15 Jul 2018 06:37:01 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/33932-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/33932-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Saturday, July 14, 2018

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:                                                                     
One Dollar                                               72/20 Afs                           
One Pound Sterling                                 95   Afs                                                  
One Euro                                                84 Afs                           
One Emirate’s Dirham                           19/80 Afs                           
One Thousand Pakistani Rupees          577 Afs                           
One Thousand Indian Rupees                1080 afs             
One Thousand Iranian Rupees              9/20 Afs                           
Yarzada
 

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Economic Sat, 14 Jul 2018 07:18:56 +0000
NPC Approves 68 Contracts Worth Over 7 Billion Afs http://www.bakhtarnews.com.af/eng/business/item/33893-npc-approves-68-contracts-worth-over-7-billion-afs.html http://www.bakhtarnews.com.af/eng/business/item/33893-npc-approves-68-contracts-worth-over-7-billion-afs.html NPC Approves 68 Contracts Worth Over 7 Billion Afs

Wednesday, July 11, 2018

Kabul (BNA) The National Procurements Commission (NPC) meeting, with President Mohammad Ashraf Ghani on the chair, on Monday evening, approved up to 68 contracts costing 7. 44 billion afs.
The 68 contracts were among the 73 recruitments plans, which have been approved in the meeting held at The Presidential Palace, said the statement.
The contracts included Nili City’s road building project relating to the ministry of public works, Bangi and Eshkamish water supply project in northern Takhar province, relating to the ministry of urban development, building of the 12.38 km road in Dashti Barchi of the capital Kabul, signing an interstate contract of 10 GB internet with the Uzbek Telecom company and many others, according to the statement.
The NPC meeting also approved the amendment of the second term with increase in the prices of18 contracts related to the Basic Package of Health Service (BPHS) and the amendment of the first term with the increase the prices of 16 contracts of the (BPHS) in 31 provinces of the country, relating to the ministry of public health, the statement further said.
In addition, the meeting approved the project of Main-Link internet services offer to automatize the customhouses 24-hour working system and the Back-Up-Link internet service offer for the automatizing the finance ministry’s work affairs in19 sites, the statement added.
The ministry of defense’ offer for providing medical equipment for the MoD’s Chief of Staff and some other offers, have been returned for more investigation, the statement continued.
President Mohammad Ashraf Ghani instructed for the formation of a delegation consisting representatives from The Presidential Office and the ministry of urban development to assess the defense ministry’s contracts for making decision about, in the future.
The president, once again insisted about the practice monitoring of the projects and use of domestic products and settlement of the companies’ tax.
 

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Economic Wed, 11 Jul 2018 06:31:59 +0000
Government Seeking Increased Domestic Products, CE http://www.bakhtarnews.com.af/eng/business/item/33891-government-seeking-increased-domestic-products-ce.html http://www.bakhtarnews.com.af/eng/business/item/33891-government-seeking-increased-domestic-products-ce.html Government Seeking Increased Domestic Products, CE

Wednesday, July 11, 2018

Kabul (BNA) Chief Executive Dr. Abdullah Abdullah in ‘National Partnership Conference for Enhancement’ said that despite of current  problems in the country, investors who have invested in private sector were helping both the people and government as development of private sector and investment in the country would result in improvement of economic condition and reduction of poverty and unemployment.
He asserted that national unity government was paying serious attention to economic sector and supporting investors in the country.
“Afghanistan seriously needs increasing of domestic products and improvement of industry,” Dr. Abdullah Abdullah said, adding that although the country’s imports and exports balance have faced with unprecedented changes, more works should be followed in this regard as it is not satisfactory.
Considering insecurity, illegally trafficking of the country’s mines and corruption as big challenges towards investment in the country, chief executive hoped the four-day exhibition of private sector could give good result and boost domestic products as well as expose challenges facing investors in the country.
The country’s chief executive instructed relevant organs to provide necessary cooperation to private sector.
Organizers of the conference asserted that positive changes have been brought in private sector asking national unity government for addressing their problems.
At the end of the conference, chief executive opened a four day exhibition held by 170 government and non-government organizations.  Opening the exhibition, the countries chief executive said national unity government would try its best to witness improvement and increasing of domestic products.
 

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Economic Wed, 11 Jul 2018 06:26:54 +0000